Smooth sailing: Rising disposable income will lead to gradual industry revenue growthAbstractMarinas in the US
Over the past five years, the Marinas industry has experienced sailing along with increased revenue growth and rising profit. As shown by increased boat building activity, consumers have been feeling more financially sound and capable of spending on nonessential activities, such as boating and water sports, over the five years to 2017. Rising recreational spending and declining fuel prices have also created positive conditions for the Marinas industry. While many operators left the industry following the economic downturn, businesses that have stuck it out have experienced considerable revenue growth and will likely expand operations with their increased earnings.
Marinas provide docking and storage for pleasure craft owners. Marinas may also sell fuel and marine supplies and provide services such as repairing or renting boats. Many operators in this industry offer sailing instruction in addition to recreational boat rental. Marinas do not handle large passenger ships or cargo from freighters.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.